Up next: Managing Broker renewal

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Managing brokers — start planning now for license renewal in April 2017

Managing Broker licensees must successfully complete 24 hours of continuing education before April 30, 2017. Look for live classes and webinars for the BMCE course work at the end of 2016. www.illinoisrealtors.org/education

  • 3 hours Core A
  • 3 hours Core B
  • 6 elective CE
  • 12-hours of Broker Management Continuing Education (BMCE) on or before April 30, 2017

 

What’s next for brokers who missed the license renewal deadline?

Missed-deadline

Illinois brokers who failed to renew their real estate licenses, complete their renewal applications and pay their fees to the Illinois Department of Financial and Professional Regulation (IDFPR) by April 30 must contact IDFPR for direction. They cannot practice selling real estate until the matter is resolved.

IDFPR is available by phone 1-800-560-6420 or email FPR.realestate@illinois.gov.

A late renewal fee of $50 is added to the license renewal fee of $150, making a total of $200.

In addition, those who renew without completing the required CE could face a penalty of up to $75 per 3 hour course, or $25 per credit hour, that you were deficient (e.g., deficient 3 hours, $75 penalty).

Those who were required to take post-license courses but renewed and then discovered they took CE will likely be notified of the mistake after the IDFPR audit. Those brokers should take the post-license coursework as soon as possible so the correct records may be sent to the department. Brokers may still be fined up to $25 per credit hour, but it is always best to notify the department to avoid additional penalties.  Unfortunately, the CE completed will not count for the brokers’ next renewal cycle.

What if brokers can’t find a course? The 15-hour Broker Post-License Topics may be taken by home study delivery, but if the Broker Post License Applied Real Estate Practices course isn’t available through any schools, a private instructor may be hired.

IDFPR website does not show updates immediately – The online License Lookup is updated daily but changes should appear in one to two business days, depending on volume.

Email notifications pending – Brokers who completed their CE, paid the fee and submitted the renewal form on or before April 30 may practice their profession even if they have not received the email notification yet.

The email notification will come from IDFPR Notification (FPR.notice@illinois.gov).

Keep copies – Brokers should keep records of their CE, their online renewal confirmation and payment in the case of an audit. Primary source verification and evidence that they are licensed can be obtained free of charge by visiting the IDFPR online License Lookup database at: https://ilesonline.idfpr.illinois.gov/DPR/Lookup/LicenseLookup.aspx.

Also, brokers may print out a screen shot of their license number showing that it is active. If the IDFPR does not have a current email address for a broker, he or she should notify the department immediately. Brokers can change their email addresses by contacting the IDFPR at: https://www.idfpr.com/applications/LicenseReprint/.

 

Questions about CE Exams? Help is Available.

If you have questions about CE course exams (scheduling proctored exams, how to look up exam results, what to do if you fail an exam), please read CE Exam FAQs.
CE Exam FAQs answers  how to get an exam proctored at an approved proctor location or through online proctoring with Proctor U. It explains the exam scheduling process, how to look up exam results and what to do if you fail an exam.
If you have questions not answered by this document, contact an Education Specialist at 217-529-2600 or education@iar.org.

SRES Designation spotlights senior market

SRES-graphic

The Illinois REALTORS® and the Three Rivers Association of REALTORS® are offering an SRES® Designation course May 3 & 4 in Joliet, Illinois. The SRES® (Senior Real Estate Specialist Designation) course provides specialized training and support for REALTORS® to serve the growing senior market.  Senior buyers (age 55+) are the largest, wealthiest and fastest-growing group of real estate buyers.

In addition to gaining in-depth knowledge about the motivations and concerns of senior buyers, Senior Real Estate Specialists® also have access to customizable marketing materials, a network of powerful business partners and more. View complete list of SRES® designation member benefits. See details and register for the May 3 & 4 SRES designation course at http://www.illinoisrealtor.org/SRESdesignation.

 

Online convenience helps brokers with license renewal courses

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Photo by Bigstock

Taking online continuing education courses during flexible times is critical for brokers, especially those who need to renew their licenses before April 30.

The IAR Licensing & Training Center offers two online packages that could fit the needs of busy Illinois REALTORS®. As students who’ve taken IAR’s online courses say, there are advantages to taking the courses at home.

IAR licensing and training center banner 674 by 20112-hour package

The Licensing & Training Center offers a 12-hour Online CE package that includes online proctoring. Take your exam at your home or office – morning, noon or night. Choose from two package options. Get details and register.

30-hour package

The 30-hour package includes a paperless home study and a 15-hour interactive webinar. Taken together, these two courses will meet the broker license renewal requirements for brokers licensed after Feb. 1, 2014 and before Jan. 31, 2016. However, the webinar must be taken April 19 and 20, and students must attend all 15 hours. Get details and register.